BENTLEY SYSTEMS INC-CLASS B (BSY) Stock Fundamental Analysis
USA - NASDAQ:BSY - US08265T2087 - Common Stock
41.54 USD
-0.3 (-0.72%)
41.54 USD
0 (0%)
We assign a fundamental rating of 5 out of 10 to BSY. BSY was compared to 281 industry peers in the Software industry. While BSY belongs to the best of the industry regarding profitability, there are concerns on its financial health. BSY has a decent growth rate and is not valued too expensively.
1. Profitability
1.1 Basic Checks
In the past year BSY was profitable.
BSY had a positive operating cash flow in the past year.
Each year in the past 5 years BSY has been profitable.
BSY had a positive operating cash flow in each of the past 5 years.
1.2 Ratios
With a decent Return On Assets value of 7.77%, BSY is doing good in the industry, outperforming 79.36% of the companies in the same industry.
Looking at the Return On Equity, with a value of 22.53%, BSY belongs to the top of the industry, outperforming 88.97% of the companies in the same industry.
BSY has a Return On Invested Capital of 10.86%. This is amongst the best in the industry. BSY outperforms 85.05% of its industry peers.
BSY had an Average Return On Invested Capital over the past 3 years of 8.00%. This is below the industry average of 12.08%.
The 3 year average ROIC (8.00%) for BSY is below the current ROIC(10.86%), indicating increased profibility in the last year.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.77% | ||
| ROE | 22.53% | ||
| ROIC | 10.86% |
ROA(3y)7.42%
ROA(5y)7.4%
ROE(3y)30.01%
ROE(5y)29.96%
ROIC(3y)8%
ROIC(5y)10.54%
1.3 Margins
With an excellent Profit Margin value of 18.44%, BSY belongs to the best of the industry, outperforming 81.49% of the companies in the same industry.
In the last couple of years the Profit Margin of BSY has grown nicely.
With an excellent Operating Margin value of 24.23%, BSY belongs to the best of the industry, outperforming 89.68% of the companies in the same industry.
BSY's Operating Margin has improved in the last couple of years.
BSY has a better Gross Margin (81.20%) than 85.41% of its industry peers.
In the last couple of years the Gross Margin of BSY has remained more or less at the same level.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| OM | 24.23% | ||
| PM (TTM) | 18.44% | ||
| GM | 81.2% |
OM growth 3Y5.52%
OM growth 5Y3.69%
PM growth 3Y21.55%
PM growth 5Y4.39%
GM growth 3Y1.43%
GM growth 5Y0.13%
2. Health
2.1 Basic Checks
BSY has a Return on Invested Capital (ROIC), which is just above the Cost of Capital (WACC), which means it is creating some value.
BSY has more shares outstanding than it did 1 year ago.
BSY has more shares outstanding than it did 5 years ago.
BSY has a better debt/assets ratio than last year.
2.2 Solvency
An Altman-Z score of 3.97 indicates that BSY is not in any danger for bankruptcy at the moment.
BSY has a Altman-Z score of 3.97. This is in the better half of the industry: BSY outperforms 66.90% of its industry peers.
The Debt to FCF ratio of BSY is 2.71, which is a good value as it means it would take BSY, 2.71 years of fcf income to pay off all of its debts.
BSY has a Debt to FCF ratio of 2.71. This is in the better half of the industry: BSY outperforms 65.84% of its industry peers.
A Debt/Equity ratio of 1.04 is on the high side and indicates that BSY has dependencies on debt financing.
The Debt to Equity ratio of BSY (1.04) is worse than 76.16% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 2.71 | ||
| Altman-Z | 3.97 |
ROIC/WACC1.03
WACC10.59%
2.3 Liquidity
A Current Ratio of 0.61 indicates that BSY may have some problems paying its short term obligations.
BSY's Current ratio of 0.61 is on the low side compared to the rest of the industry. BSY is outperformed by 90.04% of its industry peers.
BSY has a Quick Ratio of 0.61. This is a bad value and indicates that BSY is not financially healthy enough and could expect problems in meeting its short term obligations.
The Quick ratio of BSY (0.61) is worse than 90.04% of its industry peers.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 |
3. Growth
3.1 Past
BSY shows a strong growth in Earnings Per Share. In the last year, the EPS has been growing by 8.49%, which is quite good.
The Earnings Per Share has been growing by 12.41% on average over the past years. This is quite good.
BSY shows quite a strong growth in Revenue. In the last year, the Revenue has grown by 11.12%.
BSY shows quite a strong growth in Revenue. Measured over the last years, the Revenue has been growing by 12.93% yearly.
EPS 1Y (TTM)8.49%
EPS 3Y8.4%
EPS 5Y12.41%
EPS Q2Q%12.5%
Revenue 1Y (TTM)11.12%
Revenue growth 3Y11.93%
Revenue growth 5Y12.93%
Sales Q2Q%12.05%
3.2 Future
Based on estimates for the next years, BSY will show a quite strong growth in Earnings Per Share. The EPS will grow by 14.99% on average per year.
Based on estimates for the next years, BSY will show a quite strong growth in Revenue. The Revenue will grow by 9.16% on average per year.
EPS Next Y13.62%
EPS Next 2Y12.64%
EPS Next 3Y13.4%
EPS Next 5Y14.99%
Revenue Next Year10.02%
Revenue Next 2Y10.2%
Revenue Next 3Y10.27%
Revenue Next 5Y9.16%
3.3 Evolution
The EPS growth rate is accelerating: in the next years the growth will be better than in the last years.
The Revenue growth rate is decreasing: in the next years the growth will be less than in the last years.
4. Valuation
4.1 Price/Earnings Ratio
A Price/Earnings ratio of 36.12 indicates a quite expensive valuation of BSY.
Compared to the rest of the industry, the Price/Earnings ratio of BSY is on the same level as its industry peers.
When comparing the Price/Earnings ratio of BSY to the average of the S&P500 Index (25.51), we can say BSY is valued slightly more expensively.
BSY is valuated quite expensively with a Price/Forward Earnings ratio of 30.60.
Compared to the rest of the industry, the Price/Forward Earnings ratio of BSY is on the same level as its industry peers.
BSY is valuated at similar levels of the S&P average when we compare the Price/Forward Earnings ratio to 34.98, which is the current average of the S&P500 Index.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.12 | ||
| Fwd PE | 30.6 |
4.2 Price Multiples
Based on the Enterprise Value to EBITDA ratio, BSY is valued a bit cheaper than the industry average as 69.75% of the companies are valued more expensively.
72.95% of the companies in the same industry are more expensive than BSY, based on the Price/Free Cash Flow ratio.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| P/FCF | 27.41 | ||
| EV/EBITDA | 32.6 |
4.3 Compensation for Growth
The high PEG Ratio(NY), which compensates the Price/Earnings for growth, indicates an expensive valuation of the company.
The excellent profitability rating of BSY may justify a higher PE ratio.
BSY's earnings are expected to grow with 13.40% in the coming years. This may justify a more expensive valuation.
PEG (NY)2.65
PEG (5Y)2.91
EPS Next 2Y12.64%
EPS Next 3Y13.4%
5. Dividend
5.1 Amount
BSY has a yearly dividend return of 0.65%, which is pretty low.
In the last 3 months the price of BSY has falen by -23.99%. A price decline artificially increases the dividend yield. It may be a sign investors do not expect the dividend to last.
BSY's Dividend Yield is rather good when compared to the industry average which is at 42.41. BSY pays more dividend than 89.32% of the companies in the same industry.
With a Dividend Yield of 0.65, BSY pays less dividend than the S&P500 average, which is at 2.44.
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.65% |
5.2 History
BSY has been paying a dividend for over 5 years, so it has already some track record.
BSY has not decreased its dividend in the last 3 years.
Dividend Growth(5Y)N/A
Div Incr Years2
Div Non Decr Years4
5.3 Sustainability
BSY pays out 30.41% of its income as dividend. This is a sustainable payout ratio.
DP30.41%
EPS Next 2Y12.64%
EPS Next 3Y13.4%
41.54
-0.3 (-0.72%)
Chartmill FA Rating
GICS SectorInformation Technology
GICS IndustryGroupSoftware & Services
GICS IndustrySoftware
Earnings (Last)
Earnings (Next)
Inst Owners45.02%
Inst Owner Change4.06%
Ins Owners40.36%
Ins Owner Change-3.12%
Market Cap12.61B
Revenue(TTM)1.46B
Net Income(TTM)269.25M
Analysts77
Price Target60.38 (45.35%)
Short Float %5.98%
Short Ratio4.23
Dividend
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Dividend Yield | 0.65% |
Yearly Dividend0.24
Dividend Growth(5Y)N/A
DP30.41%
Div Incr Years2
Div Non Decr Years4
Ex-Date
Surprises & Revisions
EPS beat(2)1
Avg EPS beat(2)4.45%
Min EPS beat(2)-2.54%
Max EPS beat(2)11.45%
EPS beat(4)2
Avg EPS beat(4)4.67%
Min EPS beat(4)-4.04%
Max EPS beat(4)13.82%
EPS beat(8)5
Avg EPS beat(8)9.68%
EPS beat(12)9
Avg EPS beat(12)11.56%
EPS beat(16)13
Avg EPS beat(16)13.89%
Revenue beat(2)1
Avg Revenue beat(2)-0.11%
Min Revenue beat(2)-0.85%
Max Revenue beat(2)0.63%
Revenue beat(4)2
Avg Revenue beat(4)-0.34%
Min Revenue beat(4)-1.14%
Max Revenue beat(4)0.63%
Revenue beat(8)3
Avg Revenue beat(8)-0.85%
Revenue beat(12)6
Avg Revenue beat(12)-0.02%
Revenue beat(16)8
Avg Revenue beat(16)0.08%
PT rev (1m)-0.31%
PT rev (3m)7.87%
EPS NQ rev (1m)-1.21%
EPS NQ rev (3m)-1.64%
EPS NY rev (1m)-0.11%
EPS NY rev (3m)1.98%
Revenue NQ rev (1m)-2.91%
Revenue NQ rev (3m)-3.36%
Revenue NY rev (1m)0%
Revenue NY rev (3m)0.2%
Valuation
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| PE | 36.12 | ||
| Fwd PE | 30.6 | ||
| P/S | 8.64 | ||
| P/FCF | 27.41 | ||
| P/OCF | 26.36 | ||
| P/B | 10.55 | ||
| P/tB | N/A | ||
| EV/EBITDA | 32.6 |
EPS(TTM)1.15
EY2.77%
EPS(NY)1.36
Fwd EY3.27%
FCF(TTM)1.52
FCFY3.65%
OCF(TTM)1.58
OCFY3.79%
SpS4.81
BVpS3.94
TBVpS-4.6
PEG (NY)2.65
PEG (5Y)2.91
Graham Number10.09
Profitability
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| ROA | 7.77% | ||
| ROE | 22.53% | ||
| ROCE | 13.59% | ||
| ROIC | 10.86% | ||
| ROICexc | 11.6% | ||
| ROICexgc | N/A | ||
| OM | 24.23% | ||
| PM (TTM) | 18.44% | ||
| GM | 81.2% | ||
| FCFM | 31.52% |
ROA(3y)7.42%
ROA(5y)7.4%
ROE(3y)30.01%
ROE(5y)29.96%
ROIC(3y)8%
ROIC(5y)10.54%
ROICexc(3y)8.22%
ROICexc(5y)11.91%
ROICexgc(3y)N/A
ROICexgc(5y)N/A
ROCE(3y)10%
ROCE(5y)13.18%
ROICexgc growth 3YN/A
ROICexgc growth 5YN/A
ROICexc growth 3Y4.29%
ROICexc growth 5Y-15.93%
OM growth 3Y5.52%
OM growth 5Y3.69%
PM growth 3Y21.55%
PM growth 5Y4.39%
GM growth 3Y1.43%
GM growth 5Y0.13%
F-Score8
Asset Turnover0.42
Health
| Industry Rank | Sector Rank | ||
|---|---|---|---|
| Debt/Equity | 1.04 | ||
| Debt/FCF | 2.71 | ||
| Debt/EBITDA | 2.97 | ||
| Cap/Depr | 27.71% | ||
| Cap/Sales | 1.26% | ||
| Interest Coverage | 32.41 | ||
| Cash Conversion | 113.9% | ||
| Profit Quality | 170.89% | ||
| Current Ratio | 0.61 | ||
| Quick Ratio | 0.61 | ||
| Altman-Z | 3.97 |
F-Score8
WACC10.59%
ROIC/WACC1.03
Cap/Depr(3y)27.47%
Cap/Depr(5y)32.2%
Cap/Sales(3y)1.59%
Cap/Sales(5y)1.72%
Profit Quality(3y)148.6%
Profit Quality(5y)185.51%
High Growth Momentum
Growth
EPS 1Y (TTM)8.49%
EPS 3Y8.4%
EPS 5Y12.41%
EPS Q2Q%12.5%
EPS Next Y13.62%
EPS Next 2Y12.64%
EPS Next 3Y13.4%
EPS Next 5Y14.99%
Revenue 1Y (TTM)11.12%
Revenue growth 3Y11.93%
Revenue growth 5Y12.93%
Sales Q2Q%12.05%
Revenue Next Year10.02%
Revenue Next 2Y10.2%
Revenue Next 3Y10.27%
Revenue Next 5Y9.16%
EBIT growth 1Y22.88%
EBIT growth 3Y18.11%
EBIT growth 5Y17.09%
EBIT Next Year15.98%
EBIT Next 3Y15.8%
EBIT Next 5Y10.9%
FCF growth 1Y34.82%
FCF growth 3Y15.91%
FCF growth 5Y22.26%
OCF growth 1Y30.85%
OCF growth 3Y14.76%
OCF growth 5Y20.58%
BENTLEY SYSTEMS INC-CLASS B / BSY FAQ
Can you provide the ChartMill fundamental rating for BENTLEY SYSTEMS INC-CLASS B?
ChartMill assigns a fundamental rating of 5 / 10 to BSY.
What is the valuation status of BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
ChartMill assigns a valuation rating of 4 / 10 to BENTLEY SYSTEMS INC-CLASS B (BSY). This can be considered as Fairly Valued.
Can you provide the profitability details for BENTLEY SYSTEMS INC-CLASS B?
BENTLEY SYSTEMS INC-CLASS B (BSY) has a profitability rating of 8 / 10.
What is the earnings growth outlook for BENTLEY SYSTEMS INC-CLASS B?
The Earnings per Share (EPS) of BENTLEY SYSTEMS INC-CLASS B (BSY) is expected to grow by 13.62% in the next year.
How sustainable is the dividend of BENTLEY SYSTEMS INC-CLASS B (BSY) stock?
The dividend rating of BENTLEY SYSTEMS INC-CLASS B (BSY) is 4 / 10 and the dividend payout ratio is 30.41%.